PREMIER TECH announces an additional CA$10M financing deal to support its growth
Premier Tech is pleased to announce today that it has put in place a $10 million financing deal with its guaranteed long-term lenders: RoyNat Inc, Farm Credit Canada and Business Development Bank of Canada. This amount brings back the loan balance with its financial partners to $60 million, which is equivalent to the long-term loan that was put in place with them in February 2007.
This $10 million financing deal will be invested in the working capital of the company, and will increase its financial flexibility. This amount, combined with the recent $30 million debenture bond loan from the Fonds de solidarité FTQ, allows Premier Tech to benefit from the financial tools required to realize various business acquisitions and development projects.
This global $40 million add-on financing deal is part of the vision and development strategy of the company, which aims to support its long-term growth. The financing will accelerate Premier Tech’s initiatives, including the acquisition of various businesses and strategic partnerships – alliances which have been key to the success and growth of the company for the last 45 years.
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